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Pedro deposits a sum of money in Metrobank for Juan. He wants Metrobank to  send Juan checks of P 10,000.00 six times a year for six years. How much did Pedro  deposit at the time Juan was six years old if the first payment was to be made at the  age of sixteen if interest is 12% cbm.   Pls show solution with cashflow diagram

Pedro deposits a sum of money in Metrobank for Juan. He wants Metrobank to  send Juan checks of P 10,000.00 six times a year for six years. How much did Pedro  deposit at the time Juan was six years old if the first payment was to be made at the  age of sixteen if interest is 12% cbm.   Pls show solution with cashflow diagram

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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Pedro deposits a sum of money in Metrobank for Juan. He wants Metrobank to 
send Juan checks of P 10,000.00 six times a year for six years. How much did Pedro 
deposit at the time Juan was six years old if the first payment was to be made at the 
age of sixteen if interest is 12% cbm.

 

Pls show solution with cashflow diagram

 

1. Pedro deposits a sum of money in Metrobank for Juan. He wants Metrobank to send Juan checks of P 10,000.00 six times a year for six years. How much did Pedro deposit at the time Juan was six years old if the first payment was to be made at the age of sixteen if interest is 12% cbm. 2. Find the amount at the end of two years and seven months if P 1,000 is invested at 8% cq using simple interest for any time less than a year interest period.
Transcribed Image Text:1. Pedro deposits a sum of money in Metrobank for Juan. He wants Metrobank to send Juan checks of P 10,000.00 six times a year for six years. How much did Pedro deposit at the time Juan was six years old if the first payment was to be made at the age of sixteen if interest is 12% cbm. 2. Find the amount at the end of two years and seven months if P 1,000 is invested at 8% cq using simple interest for any time less than a year interest period.
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